- Western Digital reported fiscal Q4 revenue of $3.75 billion, up 44% year-over-year, and non-GAAP EPS of $3.56, beating consensus analyst estimates of $3.7 billion and $3.29 respectively.
- The company expects fiscal Q1 2027 revenue to grow between 42% and 49% year-over-year, which exceeded analyst forecasts.
- Despite the financial beats, the stock crashed due to high whisper numbers following a year-to-date run-up and a less aggressive guidance profile relative to competitor Seagate Technology.
Quotes
“Investors are wrong to sell it today -- and I expect today's losses to reverse in short order.”